VORMSTAD UTBYGGINGSSELSKAP AS

7300 ORKANGER

Finances

Return on Equity

231,72 %

Current Ratio

0,03

Debt-to-Equity Ratio

−4,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	64 000	0	0	60 000
Net Income	−767 000	−40 000	0	8 438 000
Total Assets	2 588 000	1 684 000	1 836 000	1 898 000
Total Equity	−331 000	318 000	358 000	358 000

Income (NOK)	2022	2021	2020	2019
Revenue	64 000	0	0	60 000
Expenditure	809 000	43 000	33 000	116 000
Operating Profit	−745 000	−43 000	−33 000	−56 000
Financial Income	13 000	3 000	33 000	8 577 000
Financial Costs	35 000	0	0	80 000
Financial Balance	−22 000	3 000	33 000	8 497 000
Earnings Before Tax	−767 000	−40 000	0	8 440 000
Tax	0	0	0	3 000
Net Income	−767 000	−40 000	0	8 438 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 533 000	1 369 000	1 369 000	1 369 000
Total Current Assets	54 000	315 000	466 000	529 000
Total Assets	2 588 000	1 684 000	1 836 000	1 898 000
Total Retained Equity	−6 064 000	−5 415 000	−5 375 000	−5 375 000
Total Equity	−331 000	318 000	358 000	358 000
Total Long-Term Debt	1 366 000	1 366 000	1 466 000	1 454 000
Total Current Debt	1 553 000	0	12 000	87 000
Total Equity and Debt	2 588 000	1 684 000	1 836 000	1 898 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	64 000	0	0	60 000
Other Income	0	0	0	0
Revenue	64 000	0	0	60 000
Cost of Goods Sold	20 000	0	0	0
Salary Costs	645 000	0	0	0
Depreciation	5 000	0	0	0
Impairment	0	0	0	0
Expenditure	809 000	43 000	33 000	116 000
Operating Profit	−745 000	−43 000	−33 000	−56 000
Financial Income	13 000	3 000	33 000	8 577 000
Financial Costs	35 000	0	0	80 000
Financial Balance	−22 000	3 000	33 000	8 497 000
Dividends	0	0	0	9 300 000
Net Income	−767 000	−40 000	0	8 438 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	0	0	0
Total Tangible Assets	27 000	0	0	0
Total Fiancial Fixed Assets	2 507 000	1 369 000	1 369 000	1 369 000
Total Fixed Assets	2 533 000	1 369 000	1 369 000	1 369 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	33 000	126 000	431 000	434 000
Total Current Assets	54 000	315 000	466 000	529 000
Total Assets	2 588 000	1 684 000	1 836 000	1 898 000
Total Equity	−331 000	318 000	358 000	358 000
Short-Term Group Debt	0	0	0	12 000
Total Long-Term Debt	1 366 000	1 366 000	1 466 000	1 454 000
Creditors	8 000	0	12 000	0
Unpaid Taxes	61 000	0	0	0
Dividends	0	0	0	9 300 000
Other Current Debt	69 000	0	0	75 000
Total Current Debt	1 553 000	0	12 000	87 000
Total Equity and Debt	2 588 000	1 684 000	1 836 000	1 898 000

Financial indicators	2022	2021	2020	2019
Return on Equity	231,72 %	−12,58 %	0 %	2 356,98 %
Debt-to-Equity Ratio	−4,13	4,3	4,09	4,06
Operating Profit Margin	−1 164,06 %	-	-	−93,33 %
Current Ratio	0,03	-	38,83	6,08
Quick Ratio	0,03	-	38,83	6,08
Equity Ratio	−0,13	0,19	0,19	0,19
Gross Profit Margin	68,75 %	-	-	100 %